Collagen Market Size (2021-2031) and Regional Overview
The collagen market size is projected to reach US$ 8.63 billion by 2031 from US$ 4.84 billion in 2023. The market is expected to register a CAGR of 7.5% during 2023–2031. The growth in veganism has compelled collagen manufacturers to launch plant-based or vegan-friendly collagen. In 2020, Evonik Industries developed vegan-friendly collagen using micro-organisms and fermentation-based processes, which skip the use of animal-derived materials. Thus, vegan-friendly collagen is emerging as a significant trend in the overall collagen market.
Collagen Market Analysis
Collagen is a structural protein found in connective tissue, skin, tendons, bones, cartilages, and other body parts. It supports tissues structurally and is involved in cellular functions such as tissue healing, immunological response, cellular communication, and cellular migration. Collagen is generally obtained from bovine connective tissues or marine sources. It has a wide range of applications across multiple end-use industries, including food & beverages, pharmaceuticals & nutraceuticals, and personal care. In the food & beverages industry, collagen is used in yogurts, smoothie blends, nutritional bars, ready-to-drink beverages, and others. Collagen-induced foods and beverages enhance collagen levels in the body; moreover, they help in repairing skin texture, improving bone and muscle health, and strengthening joints. Rising awareness regarding the health benefits of collagen among customers is driving the demand for collagen-induced foods and beverages.
Collagen Market Overview
Collagen is one of the most important structural proteins found in humans and animals such as cattle, pigs, and marine animals. In humans, collagen accounts for 30% of the total protein content. As humans age, the body produces less amount of collagen, which negatively impacts bone health and skin & hair health. Therefore, dieticians and healthcare practitioners recommend consuming collagen-induce supplements and foods and beverages. Moreover, the number of people suffering from osteoporosis is increasing rapidly. Osteoporosis is more prevalent in women than in men. Women in the post-menopausal period suffer from osteoporosis the most. Collagen supplements increase the bone mineral density in the body and help in treating osteoporosis. All these factors are boosting the growth of the global collagen market.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Collagen Market: Strategic Insights
Market Size Value in US$ 4,120.19 Million in 2021 Market Size Value by US$ 7,205.03 Million by 2028 Growth rate CAGR of 8.3% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Collagen Market: Strategic Insights
| Market Size Value in | US$ 4,120.19 Million in 2021 |
| Market Size Value by | US$ 7,205.03 Million by 2028 |
| Growth rate | CAGR of 8.3% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Collagen Market Drivers and Opportunities
Increasing Prevalence of Osteoporosis to Favor Market
Osteoporosis is a condition caused due to the reduction in bone mineral density and mass, which results in the loss of bone strength and increases the risk of fractures. In severe cases of osteoporosis, bones become weak and brittle to the extent that even minor pressures such as leaning or coughing can lead to fractures. The hip, wrist, and spine are the most common sites for osteoporosis-related fractures. According to the International Osteoporosis Foundation, ~5.2% of the UK population was diagnosed with osteoporosis in 2019. Furthermore, Asia is likely to account for more than half of the total osteoporotic hip fracture count reported in the world by 2050.
Surging Demand for Collagen in Personal Care Products and Nutricosmetics
The beauty & personal care industry is growing at a significant pace. Asia Pacific, North America, and Europe are among the regions where the market for beauty and personal care products has a stronghold. As people these days focus more on skincare and hair care, products that provide nourishment and deep hydration are largely preferred. As humans age, the body produces less collagen, creating skin problems such as wrinkles, skin loosening, and dehydration. Alcohol consumption, smoking, and stress further accelerate the skin’s aging process. These concerns can be addressed with the supplementation of collagen peptides. The Food and Drug Administration (FDA) has approved the use of collagen implants to treat acne scars and smooth wrinkles. Hydrolyzed collagen is particularly used in several personal care and cosmetic products. In hair care products, collagen helps improve hair texture and strengthen the hair to prevent breakage. It also prevents dry scalp by reducing flaking and restoring suppleness.
Collagen Market Report Segmentation Analysis
Key segments that contributed to the derivation of the collagen market analysis are source, product type, and application.
- Based on source, the collagen market is divided into bovine, porcine, marine, plant-based/vegan, and others. The bovine segment held the largest market share in 2023.
- By product type, the market is segmented into gelatin, hydrolyzed collagen, and native collagen. The gelatin segment held the largest share of the market in 2023.
- In terms of application, the market is segmented into food & beverages, pharmaceuticals & nutraceuticals, personal care, and others. The pharmaceuticals & nutraceuticals segment dominated the market in 2023.
Collagen Market Share Analysis by Geography
The geographic scope of the collagen market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific dominated the collagen market in 2023. Emerging economies in the region are witnessing a surge in health-conscious consumers due to the profound impact of social media. The growing demand for nutritional supplements and increasing use in personal and sports nutrition products are driving the demand for collagen in Asia Pacific. Functional food and beverages have gained immense popularity among the health-conscious population. Due to high nutritional values and economic feasibility, collagen allows food, beverage, and dietary supplement companies to meet the market's insatiable targets of protein supplementation.
Collagen Market Report Scope
Collagen Market News and Recent Developments
The collagen market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the collagen market are listed below:
- Darling Ingredients completes acquisition of Brazilian gelatin and collagen producer Gelnex (Source: Darling Ingredients, Press Release, 2023)
Lapi Gelatine, a company owned by Lapi Group holding, acquired Spanish Juncà Gelatine (Source Lapi Gelatine, Press Release, 2021)
Collagen Market Report Coverage and Deliverables
The “Collagen Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Collagen market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Collagen market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Collagen market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the collagen market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Source, Product Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For